DX (Dynex Capital) Moat Score: 2/10 (As of Jun. 25, 2026)


DX Dynex Capital Inc DX
67 GF Score
Price $13.01
GF Value $19.65
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Dynex Capital Moat Score?

Dynex Capital DX +0.70% 67 Moat Score is 2 as of Jun. 25, 2026. GuruFocus rates DX with a GF Score™ of 67/100 and a GF Value™ of $19.65 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 990 REITs companies, Dynex Capital ranks better than 70% on this metric.

Dynex Capital has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Dynex Capital has No Moat: Dynex Capital operates in the highly competitive mortgage REIT sector with limited differentiation. It lacks significant customer switching costs, proprietary technology, or strong brand loyalty. The company faces intense competition and has no significant regulatory barriers or cost advantages.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Dynex Capital might have No Moat - Very weak/transient advantages.

Dynex Capital  (NYSE:DX) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Dynex Capital Moat Score Related Terms

DX vs BXMT, ARR, EFC: Moat Score Comparison

For the REIT - Mortgage subindustry, Dynex Capital's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Dynex Capital Moat Score vs REITs Industry

For the REITs industry and Real Estate sector, Dynex Capital's Moat Score distribution charts can be found below:

* The bar in red indicates where Dynex Capital's Moat Score falls into.


DX
67GF Score
Dynex Capital Inc DX
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Dynex Capital (DX) has a Moat Score of 2 as of Jun. 25, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Dynex Capital ranks #297 out of 990 companies in the REITs industry, placing it in the top 30%.
Is Dynex Capital's Moat Score too high?
Dynex Capital's current Moat Score is 2. Based on the distribution chart, Dynex Capital ranks #297 out of 990 companies in the REITs industry, which is above the industry midpoint. Overall, Dynex Capital has a GF Score™ of 67/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dynex Capital's Moat Score compare to BXMT and ARR?
According to the REITs industry distribution chart, Dynex Capital ranks #297 out of 990 companies for Moat Score. This puts Dynex Capital in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a REITs company?
A good Moat Score depends on the REITs industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Dynex Capital's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dynex Capital stock overvalued right now?
Based on GuruFocus' analysis, Dynex Capital (DX) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.65, compared to a current price of $13.01 — trading 33.8% below its estimated fair value. The current Moat Score is 2. Dynex Capital's overall GF Score™ is 67/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Dynex Capital (DX), the current Moat Score is 2 as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Dynex Capital (DX) Overvalued in 2026?

Based on GuruFocus' analysis, Dynex Capital stock appears to be undervalued. The current stock price of $13.01 is trading 33.8% below its estimated GF Value™ of $19.65. GuruFocus considers Dynex Capital to be Significantly Undervalued.

Key valuation signals for DX:

  • Moat Score: 2
  • GF Value™: $19.65 vs. price of $13.01 (33.8% below fair value)
  • GF Score™: 67/100 with 4 warning signs

No single metric tells the full story. See the DX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Dynex Capital Business Description

Industry Real EstateREITs
Other Exchanges DXpC.PFD:USADYT1:Germany
Address 140 East Shore Drive, Suite 100, Glen Allen, Richmond, VA, USA, 23059-5755
Dynex Capital Inc is a real estate investment trust (REIT) focused on delivering dividends supported by long term returns from investments in mortgage assets backed by U.S. housing and commercial real estate. The Company is internally managed and mainly invests in residential and commercial mortgage-backed securities (RMBS and CMBS), which are Agency securities guaranteed by U.S. government-sponsored enterprises (GSEs). It manages interest rate, prepayment, spread, liquidity, and counterparty risks and operates through one reportable segment investing in MBS funded with repurchase agreements and equity.
67GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.01
Price
$19.65
GF Value